Intel Investors: Don't Count on Qualcomm to Save the Day
Intel(INTC) The Motley Fool·2024-09-29 18:45
The ailing x86 chipmaker would be a poor fit for Qualcomm.Intel's (INTC -0.04%) stock was cut in half this year as the chipmaker struggled with slowing sales, shrinking gross margins, and its inability to catch up to Taiwan Semiconductor Manufacturing and Samsung in the high-end foundry market. Those challenges drove it to suspend its dividend, lay off more than 15% of its workforce, and even consider selling or spinning off its foundry and programmable chip divisions.However, Intel's stock recently rallied ...